Fenway Sports Group (FSG) has swiftly dismissed speculation about selling Liverpool Football Club to Elon Musk, following surprising claims from the billionaire’s father about his son’s interest in acquiring the Premier League giants. The Times reports that Liverpool’s American owners have “no appetite” to entertain any potential takeover discussions with the world’s richest man, whose current net worth stands at approximately £340 billion.
The unusual saga began when Errol Musk, speaking on Times Radio, suggested his son harbored ambitions to purchase the storied football club. Oh yes, he has expressed a desire, but that doesn’t mean he’s buying it,” the elder Musk remarked, adding playfully, “I can’t comment on that, they’ll raise the price!” His comments immediately sparked widespread discussion across football circles and social media platforms.
However, sources close to FSG have revealed that no contact has been made between Musk’s representatives and the club’s ownership. The lack of formal communication, combined with the casual nature of the radio interview revelation, has led club insiders to dismiss the speculation as lacking serious intent.
The timing of this development is particularly noteworthy, considering FSG’s recent business decisions regarding Liverpool’s ownership structure. In September 2023, the group sold a minority stake to Dynasty Equity, a United States investment firm, signaling their commitment to maintaining control while seeking strategic partnerships rather than a complete sale.
FSG’s stance reflects their continued confidence in Liverpool’s future under their stewardship. Since acquiring the club in 2010, the American group has overseen a period of significant success, including Premier League and Champions League victories, while also managing substantial infrastructure improvements such as the expansion of Anfield stadium.
The Tesla and X owner’s supposed interest in Liverpool adds another chapter to the ongoing narrative of billionaire involvement in Premier League football. While clubs like Newcastle United and Chelsea have recently experienced ownership changes involving wealthy investors, Liverpool’s situation appears distinctly different, with FSG maintaining a clear vision for the club’s future without Musk’s involvement.
Musk’s theoretical entry into football ownership would have marked a significant departure from his current business portfolio, which focuses primarily on technology and space exploration through companies like Tesla, SpaceX, and X (formerly Twitter). His estimated wealth of £340 billion ($424.6bn) would have made him the wealthiest owner in football by a considerable margin.
The swift rejection of potential talks with Musk underscores FSG’s commitment to their long-term strategy for Liverpool. Under their ownership, the club has transformed into one of football’s most valuable and successful enterprises, combining sporting achievement with financial stability. The recent minority stake sale to Dynasty Equity was viewed as a strategic move to inject fresh capital while maintaining the existing ownership structure.
As Liverpool continues to compete at the highest level under manager Arne Slot, the focus remains firmly on on-field matters, with the team preparing for crucial fixtures including their upcoming Carabao Cup semi-final against Tottenham. The clarity provided by FSG’s position on the Musk speculation allows the club to maintain its concentration on sporting objectives without the distraction of ownership uncertainty.
The episode serves as a reminder of the complex intersection between global wealth, sports ownership, and public speculation in modern football. While billionaire takeovers have become increasingly common in the sport, FSG’s response demonstrates that not all clubs are seeking new ownership, regardless of the potential investor’s wealth or profile.
